How Diddy’s Empire Lost Millions Amid Mounting Legal Troubles

How Diddy’s Empire Lost Millions Amid Mounting Legal Troubles

Over the past two decades, Diddy expanded his businesses across several lifestyle categories—including the Sean John fashion and fragrance lines, a wildly successful Cîroc vodka partnership with British spirits conglomerate Diageo and founding the Revolt TV network—and over that period (before taxes and fees), he earned nearly a billion dollars.br br In 2019, Forbes estimated Combs’ personal wealth at $740 million. Both Combs and his team later claimed that he was a billionaire, despite offering no documentation to back up the claim. Forbes now conservatively estimates he is worth $400 million.br br Given the severity of those civil cases and a looming federal investigation reportedly into human trafficking, Combs now faces an existential threat to his freedom and his fortune.br br 0:00 Before The Legal Troublebr 1:32 Cîroc And Sean Johnbr 2:53 Diddy's Highest Net Worthbr 5:08 Diddy's Legal Troublebr 13:56 The Impact On Diddy's Businessesbr 16:02 The Impact On Diddy's Music Cataloguebr 18:27 The Impact On Sean Johnbr 20:36 Diddy's Current Net Worthbr 20:56 What's Next For Diddybr br Read the full story on Forbes: br Subscribe to FORBES: br Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:br br br Stay Connectedbr Forbes newsletters: Forbes on Facebook: Forbes Video on Twitter: Forbes Video on Instagram: More From Forbes: br Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.


User: Forbes

Views: 4.2K

Uploaded: 2024-07-08

Duration: 23:29

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